Ameristar Casinos downgraded to “underweight”

NEW YORK, March 30 (newratings.com) - Analysts at Prudential Financial downgrade Ameristar Casinos Inc ( ASCA.NAS ) from “neutral weight” to “underweight.” The target price has been reduced from $34 to $29.

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Fri, March 30th, 2007

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Do you know that:

  • The famous banker J.P. Morgan once walked out of a Monte Carlo casino because the stakes were too low? At the time, the maximum wager was 12,000 francs and Morgan wanted it increased to 20,000 francs. When the casino manager refused to increase the limit, Morgan left the casino saying "12,000 francs! I have no time to lose such ridiculous amounts."
  • The first legal lottery in the twentieth century was the New Hampshire Sweepstakes which began on March 12, 1964. Currently 37 states and the District of Columbia operate lotteries.
  • In 1973, the Commission on the Review of National Policy toward Gambling was created to study gambling in the United States.
  • At a land-based casino, if your slot machine is malfunctioning, you won't get paid if you win the jackpot! All slot machines have this written on them but many players are not aware of this policy. The casinos have a device which lets them know if a slot machine is malfunctioning or if it's been tinkered with. Your best bet is to stop playing at it and try another.